Brussels, 14/11/2013 (Agence Europe) - In 2012, the EU was hit by an extremely high number of bankruptcies followed by redundancy plans but the European Globalisation Adjustment Fund (EGF), however, was not used by member states to its full potential. According to a report adopted by the European Commission Thursday 14 November, only nine member states requested EGF allocations in 2012, totalling €58.5 million, despite €500 million being available.
Presenting his report to the press,...